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Uni Abex Alloy Products Ltd

UNIABEXAL
BSE
3,210.00
0.26%
Last Updated:
30 Apr '26, 4:00 PM
Company Overview
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Uni Abex Alloy Products Ltd

UNIABEXAL
BSE
3,210.00
0.26%
30 Apr '26, 4:00 PM
Company Overview
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
634Cr
Close
Close Price
3,210.00
Industry
Industry
Castings, Forgings & Fastners
PE
Price To Earnings
18.18
PS
Price To Sales
3.16
Revenue
Revenue
201Cr
Rev Gr TTM
Revenue Growth TTM
20.85%
PAT Gr TTM
PAT Growth TTM
43.03%
Peer Comparison
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Quarterly Results

Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
394655453444474260395646
Growth YoY
Revenue Growth YoY%
2.340.228.0-5.8-14.7-4.2-15.9-6.779.8-10.919.78.2
Expenses
ExpensesCr
303437312934363445324140
Operating Profit
Operating ProfitCr
9121814510108167156
OPM
OPM%
23.326.232.931.714.122.022.019.426.317.426.412.7
Other Income
Other IncomeCr
111111212223
Interest Expense
Interest ExpenseCr
000000000000
Depreciation
DepreciationCr
111111111111
PBT
PBTCr
9121814510118177157
Tax
TaxCr
235412324242
PAT
PATCr
7913103785136115
Growth YoY
PAT Growth YoY%
66.8237.8434.249.6-47.6-15.4-35.4-49.4267.4-23.433.53.4
NPM
NPM%
16.718.723.423.210.216.518.012.620.914.220.112.0
EPS
EPS
33.343.565.753.017.436.742.526.864.028.156.727.7

Profit & Loss

Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
7862628190102105137163180193201
Growth
Revenue Growth%
2.2-20.60.130.311.014.02.230.519.310.47.34.1
Expenses
ExpensesCr
73576374748484116135131149158
Operating Profit
Operating ProfitCr
65-171619202128494443
OPM
OPM%
7.38.4-1.18.918.018.419.615.317.227.422.821.5
Other Income
Other IncomeCr
-521211112479
Interest Expense
Interest ExpenseCr
444343111111
Depreciation
DepreciationCr
776555544555
PBT
PBTCr
-11-4-92813151725484546
Tax
TaxCr
-3-1-10-18557131211
PAT
PATCr
-8-3-8195111219353435
Growth
PAT Growth%
-198.859.6-169.5116.2592.1-43.099.315.050.791.4-5.33.9
NPM
NPM%
-9.9-5.0-13.51.710.55.210.29.011.419.717.417.4
EPS
EPS
-39.1-15.8-43.16.947.627.154.162.393.8179.5170.0176.6

Balance Sheet

Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
222222222222
Reserves
ReservesCr
444130314044546480111140149
Current Liabilities
Current LiabilitiesCr
465250505939485142465257
Non Current Liabilities
Non Current LiabilitiesCr
13113432313222
Total Liabilities
Total LiabilitiesCr
105106858710487106118126162196211
Current Assets
Current AssetsCr
545640456553779196112139154
Non Current Assets
Non Current AssetsCr
515045423934292730495656
Total Assets
Total AssetsCr
105106858710487106118126162196211

Cash Flow

Standalone
Financial YearMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
5132612262835
Investing Cash Flow
Investing Cash FlowCr
0-4-5-9-12-34-17
Financing Cash Flow
Financing Cash FlowCr
-4-10-13-1-42-12
Net Cash Flow
Net Cash FlowCr
1-1939-56
Free Cash Flow
Free Cash FlowCr
3102510222530
CFO To PAT
CFO To PAT%
51.2246.4247.7101.4140.079.1103.4
CFO To EBITDA
CFO To EBITDA%
29.770.1129.359.892.456.978.9

Ratios

Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
1146558117867377116194592412
Price To Earnings
Price To Earnings
0.00.00.086.29.113.67.29.410.416.712.3
Price To Sales
Price To Sales
1.51.10.91.41.00.70.70.81.23.32.1
Price To Book
Price To Book
2.51.51.83.52.01.61.41.82.45.22.9
EV To EBITDA
EV To EBITDA
25.617.7-109.519.56.74.83.85.56.611.99.1
Profitability Ratios
Profitability Ratios
GPM
GPM%
58.561.152.755.966.263.061.257.152.360.559.0
OPM
OPM%
7.38.4-1.18.918.018.419.615.317.227.422.8
NPM
NPM%
-9.9-5.0-13.51.710.55.210.29.011.419.717.4
ROCE
ROCE%
-8.0-0.1-10.07.818.624.025.822.627.636.729.7
ROE
ROE%
-16.7-7.3-26.44.122.311.719.218.722.731.323.7
ROA
ROA%
-7.3-3.0-9.91.69.06.210.010.414.721.917.1
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Uni Abex Alloy Products Ltd, established in 1972 and part of the Neterwala Group, is a leading Indian manufacturer and exporter of high-performance centrifugal and static castings made from heat-, wear-, and corrosion-resistant stainless-steel and exotic alloys. With over five decades of experience, the company has evolved from a precision casting manufacturer into a global material solutions provider, serving critical industrial sectors such as **Petrochemicals, Fertilizers, Direct Reduction of Iron (DRI), Oil & Gas, Metallurgy, and Environmental Solutions**. Headquartered in Dharwad, Karnataka, Uni Abex combines advanced manufacturing capabilities with robust in-house **Engineering Research & Development (ERD)** to deliver engineered alloy components that meet stringent international standards. The company’s strategic vision centers on innovation, operational excellence, and sustainable growth, aligned with India’s "Make in India" and "Viksit Bharat" initiatives. --- ### **Core Business & Product Portfolio** Uni Abex specializes in: - **Centrifugal Castings**: Horizontal and vertical, including reformer tubes, radiant tubes, retort tubes, air injection tubes, furnace rolls, decanter bowls, sink rolls, and impellers. - **Static Castings**: Bends, elbows, tube supports, tube sheets, header assemblies, heating elements, and large-scale single-piece castings (up to 3,000 kg). - **Fully Machined Components**: Precision-engineered to meet OEM specifications. **Key Products Include:** - Reformer and catalyst tubes for Steam Methane Reforming (SMR) - Radiant coil assemblies - Decanter bowls for separation processes - High-temperature furnace components (e.g., diffuser castings, heat-resistant beams) - Wear- and corrosion-resistant parts for petrochemical, steel, and fertilizer plants The company leverages **6,000 MT/year melting capacity** and **2,250 MT/year finished casting capacity**, supported by 6,000 machining hours per month, enabling it to fulfill large, complex global orders. --- ### **Innovation & R&D Leadership** Uni Abex’s **in-house ERD center in Dharwad** is a cornerstone of its competitive advantage, recognized by the Department of Science and Technology, Government of India (since 1995). The center drives innovation in alloy development and process engineering, often in collaboration with premier institutions like **IIT Dharwad** and **IISc Bangalore**. #### **Key Innovations:** - **Thermalloy 64 MR (25Cr35NiSiNbTi/R)**: India's first SMR-specific alloy developed by an Indian foundry. Offers **over 15% longer reformer tube life** under extreme temperatures (1050–1100°C), enhancing efficiency and reliability in petrochemical and fertilizer plants. - **Enhanced HPNb Alloys**: Modified with rare earth and refractory elements to improve high-temperature creep resistance. - **Cobalt- & Nickel-Based Alloys**: Successful development of centrifugal casting processes for **Stellite 3** and **Hastelloy**, enabling high-performance wear and corrosion resistance. - **17-4 PH Stainless Steel Centrifugal Casting**: Achieved exact mechanical properties meeting international standards. - **UM-Co Grade**: Domestic cobalt-alloy equivalent for steel mill applications. - **New Bronze Alloy**: For bushings, gaskets, and liners in marine and industrial applications, improving durability. The company also launched the **METLeap program** to attract top-tier engineering and management talent, ensuring a strong pipeline for future innovation. --- ### **Strategic Focus & Market Expansion** Uni Abex is actively executing a **business transformation** from a *"Produce to Print"* to a *"Produce to Application"* model, positioning itself as a **solution provider** in high-growth industrial sectors. #### **Expansion Initiatives:** - **Global Footprint**: Exports to **9 countries**, including the **USA, Germany, Sweden, France, Poland, China, Malaysia, Bangladesh, and Uganda**. Achieved **Two Star Export House status (2024)**. - **North American Market Entry**: Marked strategic entry via **sponsorship and exhibition at CRU Nitrogen + Syngas USA 2025 (Tulsa, OK)**, targeting fertilizer and syngas producers. Showcasing Thermalloy 64 MR and centrifugal casting expertise. - **MENA Region Focus**: Identifying high-potential markets for export growth. #### **Segment Growth:** - **DRI & Ethylene Cracking**: Expanded product applications, including stabilized 35Cr45Ni alloy for DRI kilns and reformer tubes. - **Petrochemicals**: 45% YoY sales growth (FY24); positioned to benefit from refinery turnaround cycles. - **Fertilizer Industry**: Strong presence in syngas technology, supported by reformer and catalyst tube solutions. --- ### **Manufacturing & Operational Excellence** Uni Abex has invested heavily in **infrastructure, automation**, and **Industry 4.0-compliant systems** to ensure world-class production standards. #### **Capacity & Capabilities:** - **Horizontal Centrifugal Castings**: Up to **6,000 mm length** (200 mm OD) or **1,050 mm OD** for shorter lengths. - **Vertical Conical Castings**: Tallest in India (1,700 mm height, 1,100 mm top OD); world-class at 1,500 mm height, 1,200 mm OD. - **Static Casting Facility**: 1,200 MT/year capacity; 3,000 kg max single-piece weight. - **Omega Plant (UK)**: Supports 1,200 MT casting capacity with advanced quality control. #### **Modernization Initiatives:** - **New Fully Automated, Industry 4.0-Compliant Facility**: Under development to boost SMR and separation industry casting capacity. - **Approved Capex**: For a **world-class reformer catalyst tube manufacturing plant** to increase output and meet rising global demand. - **Advanced Processes**: Automated sand mixing (10 MT/hr), precision machining, standardized heat treatment, and NDT/Destructive testing. --- ### **Financial Performance (FY2024 Highlights)** - **Revenue**: ₹17,999 lakhs (₹1,799.9 crores) - **EBITDA**: ₹5,339 lakhs (**77% YoY growth**) - **PBT**: ₹4,808 lakhs (**90% YoY increase**) - **PAT**: ₹3,546 lakhs (**91% YoY growth**) - **Casting Sales**: ₹17,867 lakhs (**12.2% YoY growth**) - **Petrochemical Segment Sales**: +45% YoY Growth driven by **strategic market expansion, segment diversification (DRI, decanter), material innovation**, and **favorable raw material pricing**, which improved margins. --- ### **Sustainability & ESG Commitment** Uni Abex integrates **Environmental, Social, and Governance (ESG)** principles into its operations: - **Energy Conservation**: Through efficient melting and heat treatment processes. - **Carbon Reduction**: Aligning with global trends, including green hydrogen in DRI applications. - **Sustainable Manufacturing**: Waste minimization, recycling, and use of eco-friendly materials. - **Talent Development**: METLeap program and partnerships with academic institutions to build future-ready metallurgical expertise. --- ### **Recent Milestones & Strategic Events (2023–2025)** - **Aug 2024**: Participated in **CRU Nitrogen + Syngas Expo (Gothenburg, Sweden)** and **India International DRI Summit (Delhi)**, showcasing cutting-edge solutions. - **Apr 2025**: Entered North American market through **CRU Nitrogen + Syngas USA 2025**, positioning itself as a key supplier for syngas and fertilizer producers. - **Aug 2025**: Announced plans for **Industry 4.0 facility**, reaffirming commitment to innovation and global competitiveness. - **Record Manufacturing Achievement (2024)**: Produced the **largest and longest Mid-rex reformer tube**, validating enhanced capabilities.